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It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. The post The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend appeared first on Logistics Viewpoints.
A National Retail Federation report found that 92% of companies surveyed had been a victim of organized retail crime in the past year. The report found that 92% of companies surveyed had been a victim of ORC in the past year and that 71% said ORC incidents were increasing.
Second, the pandemic kicked online buying and home delivery into “high gear” as many consumers embraced its convenience and dramatically expanded the scope of their online purchasing. That’s exactly what the recent study “Retailers: Sustainability is Not a Challenge, It’s an Opportunity” concluded.
And according to a recent survey by Kenco, 94% of survey respondents feel that it’s important for their 3PL provider to have a competency in technology and innovation, and more than half expect their 3PL provider to be investing in innovative technologies (another 32% want to co-invest). Kristi Montgomery, VP of innovation, Kenco.
Just last month I noted that warehouse labor productivity was hindered extensively by COVID-19 and that 80 percent of ARC’s warehouse survey respondents anticipate an increase of order throughput volumes in 2021. Put differently, wage inflation beyond general inflation is a purchasing power gain to the worker.
Celebrants intend to spend an average of $86.79, up from last year’s $86.13, with more than 175 million Americans planning to partake in Halloween festivities, according to the annual study that has been conducted over the past 14 years by Prosper Insights & Analytics for NRF. Consumers plan to spend $3.2 billion on decorations (74%), $2.6
Earlier in 2022, we conducted a survey of 8,000 consumers across North America and Europe to get a better sense of their ecommerce experience and how they were reacting to retailer performance. On one hand, consumers expect to increase their online purchases post-pandemic. The results of the research are a good news, bad news story.
Did you know that 93% of consumers say that online reviews influence their purchase decisions? Sure, we can talk endlessly about our warehouse automation and cool robotics , outstanding service , or award-winning warehouse management system , but that’s not nearly as believable as our case studies and customer testimonials.
All sorts of organizations have run studies on eco-friendly attitudes in the ecommerce industry, and we have amazingly positive news to share about what buyers are thinking. Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact.
In a recent Forrester study, they found the problem to be poor quality data. Start by making the purchasing experience a pleasure rather than a hassle. Be proactive about your suppliers! Foundation, Foundation, Foundation. Boost Your Employees. How do you do that?
Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain. According to a 2018 Statista survey, visibility into that chain is a significant organizational challenge for 21% of supply chain professionals.
Survey Says: 86% of Consumers Willing to Delay E-commerce Delivery in Favor of Sustainability Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. The Blue Yonder survey is encouraging on that front.
Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.
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But it’s important to remember that while customers want their purchases fast, sometimes even the next day, many care about the environmental impact of that delivery as well. An IBM study found that 57% of consumers are willing to change their shopping habits to protect the environment. One example is Scandinavian furniture giant Ikea.
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This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation.
In the case of network-based risk management solutions, a network of users is connected to carefully curated real-time alerts generated by connections to a huge number of online publications, social media feeds, and third-party purchased data. For example, a manufacturer might have a supplier in Hanoi they purchase key components from.
Retailers such as Walmart have rigorous standards and will only purchase from suppliers who meet these standards. While studies show that consumers want sustainable products, only 5%-10% will actually pay a price differential for that,” Sheffi says. They have been both reducing their energy usage and investing in alternative fuels.
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Mini Case Study: Walmart. Mini Case Study: Whirlpool. Supply Chain Strategy.
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net sales were represented by suppliers who reported to one or more sustainability surveys. 90% of their raw materials are purchased from sustainably managed forests. From 2010 to 2020, they also reduced emissions across their global operations 52% through energy efficiency and renewable electricity.
In fact, a study by LinkedIn found that 70% of employees would not work at a leading company if it meant they had to tolerate a bad workplace culture. Survey your users to avoid unseen pitfalls and make sure you’re actually purchasing a solution that provides a good user experience. Technology’s role in helping employees thrive.
They’re researching before they purchase, and they’re purchasing wherever and whenever they see something they like. According to a study conducted by Harvard Business Review, 73% of retail shoppers use multiple channels to shop. 81% of customers research products online before actually purchasing them in stores.
GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. Mr. Sorenson has studied integrated business planning for many years. Dean Sorenson concurs.
According to a study by The Insight Partners , the global 4PL market was valued in terms of revenue at $56,472.1 The study cautions that lockdowns and quarantines associated with the Coronavirus are expected to affect the revenues of the global 4PL market players in the short term. The 4PL Market is Growing Exponentially. 4PL Services.
Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.
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According to the latest Home Delivery Consumer Sentiment Study 2024, two thirds (67%) of consumers experienced a problem with a delivery in the three month period surveyed. It’s also important to add in the strong chain of custody, especially for the more expensive goods that are often purchased during peak season.
Take Germany, for example: the “Trends in Logistics & SCM” study conducted by the German Logistics Association BVL in 2023 shows that cost pressure was the most important topic for decision-makers in 2016, but in 2023 it only ranks fourth. Things were different a few years ago.
To compound the concern, the study reveals that a sizable 48% of customer interactions with Indian firms don’t meet the mark. An Ernst and Young survey points out a significant 75% of Indian consumers weigh the long-term environmental and societal implications of their buys.
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